Bovespa Stock Index Drops as Lower Commodities Sap Suzano - Bloomberg Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Customer Support Advertising Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Customer Support Bovespa Stock Index Drops as Lower Commodities Sap Suzano Ney Hayashi The Bovespa index dropped the most among major emerging-market stock benchmarks as falling commodity prices pushed Brazilian producers lower after the International Monetary Fund cut its forecast for global growth. OGX Petroleo & Gas Participacoes SA added to the biggest plunge among the Bovespa’s members this year after the oil company said output at offshore wells dropped 26 percent in March. Pulp producer Suzano Papel & Celulose SA sank the most since June. Mining company MMX Mineracao & Metalicos SA followed metals lower, while state-run oil producer Petroleo Brasileiro SA slumped as crude fell to a four-month low.

Brazil’s benchmark equity gauge sank 2.1 percent to 52,881.96 at the close of trading in Sao Paulo. Sixty-one of the 69 stocks on the measure declined. The real weakened 0.7 percent to 2.0006 per dollar. The Bloomberg Base Metals 3-Month Price Commodity Index slumped 2.8 percent. Commodities producers account for about 41 percent of the Bovespa’s weighting. “Economic data around the world have been coming in weak lately, and there’s a strong commodities sell-off, which is spilling over to equities,” Gustavo Mendonca, who helps manage 1 billion reais as an economist at Saga Capital, said in a telephone interview from Rio de Janeiro. “Since Brazil is a big commodities exporter, it’s only natural that markets here suffer.” IMF Forecasts The global economy will expand 3.3 percent this year, below January’s 3.5 percent forecast, the IMF said yesterday. The lender also cut its estimates for expansion in Brazil and China, the South American country’s biggest trading partner.

Growth in Latin America might slow as commodities drop, the fund’s Western Hemisphere Director Alejandro Werner said in Lima yesterday. OGX dropped 11 percent to 1.25 reais, while MMX sank 9.5 percent to 1.81 reais. Suzano fell 5.5 percent to 7.25 reais, the biggest slump since June 28. Petrobras, as Petroleo Brasileiro is known, tumbled 3 percent to 17.17 reais, the lowest since March 5. The most important business stories of the day. Get Bloomberg's daily newsletter. Behind the Crash in Brazil ETFs - ETF News And Commentary - NASDAQ.com Behind the Crash in Brazil ETFs - ETF News And Commentary July 02, 2013, 07:37:01 AM EDT By Zacks Equity Research, Zacks.com Shutterstock photo Brazil, the largest South American country, has long been in the limelight from a tourism perspective thanks to its beautiful sun-kissed beaches and vibrant nightlife. However, the country has hit some hard times lately and many are now reevaluating their perceptions of the nation.

The mess in Brazil Brazil will host the FIFA World Cup in 2014 and the Summer Olympics in 2016, both of which demand huge investments in areas such as urban and social development as well as transport infrastructure. Many had hoped that the surge would provide jobs and improve basic infrastructure, but those issues are now outweighed by budgetary concerns. There have been recent hikes in bus fares and reductions to other social services, leaving many to wonder why so much is being spent on sporting events when there are plenty of other problems in Brazil. In fact, the bus fare hike sparked a huge protest across the nation with millions of Brazilians taking to the streets and forcing President Dilma Rousseff to call an emergency meeting about the situation. If that wasn't enough, Brazil's inflation sprung up to 6.5% in the last 12 months through May. Meanwhile, the Brazilian currency, the real, was hit hard by Fed's bond buying program and the Brazilian government's easy monetary and fiscal policy (See Brazil ETFs Crushed by Downgrade, Currency Woes ). Impact This terrible situation has led to a near crash in Brazilian stocks as of late.

The country's main BOVESPA index was at over 60,000 to start the year, but has since plummeted below 50,000, with the vast majority of the losses coming since the start of May. There has been some hope for the future though, as Rousseff called for a national referendum in order to soothe citizens, and investors, about the country's precarious state. Did the President's Referendum Offer allay investor fears? Unfortunately, the president's offer to address issues of corruption, education, health care and poor public transport has made little impact on disgruntled protesters. On June 26, about 50,000 protesters marching towards a football stadium clashed with the police, suggesting that the story might have a bit more room to run. Outlook/ Funds to watch Analysts believe if government reform and stringent policies are not urgently implemented, the economy will be in the doldrums for quite some time. It doesn't help that there has been broad BRIC market weakness as well, suggesting that the trend isn't your friend in many major emerging markets for the time being (See Forget Brazil ETFs, Focus on This Top Ranked Fund Instead ).

Given this and the extreme volatility afflicting the Brazilian economy, investors may want to play close attention to some of the key ETFs targeting the space. These funds could be in for a rocky ride over the next few weeks so investors may want to keep an eye on the space either for a bottoming out, or for further losses in this important market: iSHARES MSCI BRAZIL CAPPED INDEX FUND (AMEX: EWZ ) Launched in July 2000, EWZ seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil 25/50 Index. EWZ is a passively managed large blend fund with an AUM of more than $6 billion (see The Comprehensive Guide to Brazil ETFs ). The ETF holds 81 stocks and the top 10 stocks contribute about 49% to the fund. The product also has a focus on large caps, as these account for 56% of the portfolio, with mid caps making up much of the rest. EWZ charges 60bps in fees, lower than the category average of 71bps.

The fund has experienced a pretty rough 2013 so far, losing about 20% of its value since the start of the year. The ETF currently has a Zacks ETF Rank of '4' or 'Sell'. iSHARES MSCI BRAZIL SMALL CAP INDEX FUND (AMEX: EWZS ) Launched in September 2010, EWZS seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil Small Cap Index. The small blend fund is passively managed and has an AUM of $39 million. With a total of 85 holdings in its basket, its top 10 stocks contribute 31% of the total. Investors should also note that despite the small cap name, more than half of the product is actually in mid caps, with 43% going to small caps The fund charges 60bps in fees, putting it in line with its large cap counterpart. The product has also struggled so far in 2013, losing just under 23% in the time frame.

The Bottom Line Brazil clearly has a lot of problems afflicting its market, both from a general perspective, as well as some localized political issues. Both of these trends seem to be in place for quite some time though, so there may be more pain ahead for the country ( Winning ETF Strategies for the Second Half ). Due to this, investors should definitely watch out for volatility in the market and pay special attention to EWZ and small cap counterparts. These funds should give investors a good idea of how the Brazilian market is heading, and if any bottom is coming in this troubled nation. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Interactive Charts Default Setting Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. If you have any questions or encounter any issues in changing your default settings, please email isfeedback@nasdaq.com . CLOSEX Please confirm your selection: You have selected to change your default setting for the Quote Search.

This will now be your default target page; unless you change your configuration again, or you delete your cookies. Are you sure you want to change your settings? YES CLOSEX We have a favor to ask Please disable your ad blocker (or update your settings to ensure that javascript and cookies are enabled), so that we can continue to provide you with the first-rate market news and data you've come to expect from us. CLOSEX Behind the Crash in Brazil ETFs - July 2, 2013 - Zacks.com Behind the Crash in Brazil ETFs by Zacks Equity Research Published on July 02, 2013 Trades from $3 Brazil, the largest South American country, has long been in the limelight from a tourism perspective thanks to its beautiful sun-kissed beaches and vibrant nightlife. However, the country has hit some hard times lately and many are now reevaluating their perceptions of the nation. The mess in Brazil Brazil will host the FIFA World Cup in 2014 and the Summer Olympics in 2016, both of which demand huge investments in areas such as urban and social development as well as transport infrastructure.

Many had hoped that the surge would provide jobs and improve basic infrastructure, but those issues are now outweighed by budgetary concerns. There have been recent hikes in bus fares and reductions to other social services, leaving many to wonder why so much is being spent on sporting events when there are plenty of other problems in Brazil. In fact, the bus fare hike sparked a huge protest across the nation with millions of Brazilians taking to the streets and forcing President Dilma Rousseff to call an emergency meeting about the situation. If that wasn’t enough, Brazil’s inflation sprung up to 6.5% in the last 12 months through May. Meanwhile, the Brazilian currency, the real, was hit hard by Fed’s bond buying program and the Brazilian government’s easy monetary and fiscal policy (See Brazil ETFs Crushed by Downgrade, Currency Woes ). Impact This terrible situation has led to a near crash in Brazilian stocks as of late. The country’s main BOVESPA index was at over 60,000 to start the year, but has since plummeted below 50,000, with the vast majority of the losses coming since the start of May.

There has been some hope for the future though, as Rousseff called for a national referendum in order to soothe citizens, and investors, about the country’s precarious state. Did the President’s Referendum Offer allay investor fears? Unfortunately, the president’s offer to address issues of corruption, education, health care and poor public transport has made little impact on disgruntled protesters. On June 26, about 50,000 protesters marching towards a football stadium clashed with the police, suggesting that the story might have a bit more room to run. Outlook/ Funds to watch Analysts believe if government reform and stringent policies are not urgently implemented, the economy will be in the doldrums for quite some time. It doesn’t help that there has been broad BRIC market weakness as well, suggesting that the trend isn’t your friend in many major emerging markets for the time being (See Forget Brazil ETFs, Focus on This Top Ranked Fund Instead ). Given this and the extreme volatility afflicting the Brazilian economy, investors may want to play close attention to some of the key ETFs targeting the space.

These funds could be in for a rocky ride over the next few weeks so investors may want to keep an eye on the space either for a bottoming out, or for further losses in this important market: iSHARES MSCI BRAZIL CAPPED INDEX FUND (AMEX: ( EWZ - Free Report ) Launched in July 2000, EWZ seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil 25/50 Index. EWZ is a passively managed large blend fund with an AUM of more than $6 billion (see The Comprehensive Guide to Brazil ETFs ). The ETF holds 81 stocks and the top 10 stocks contribute about 49% to the fund. The product also has a focus on large caps, as these account for 56% of the portfolio, with mid caps making up much of the rest. EWZ charges 60bps in fees, lower than the category average of 71bps. The fund has experienced a pretty rough 2013 so far, losing about 20% of its value since the start of the year.

The ETF currently has a Zacks ETF Rank of ‘4’ or ‘Sell’. iSHARES MSCI BRAZIL SMALL CAP INDEX FUND (AMEX: EWZS ) Launched in September 2010, EWZS seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil Small Cap Index. The small blend fund is passively managed and has an AUM of $39 million. With a total of 85 holdings in its basket, its top 10 stocks contribute 31% of the total. Investors should also note that despite the small cap name, more than half of the product is actually in mid caps, with 43% going to small caps The fund charges 60bps in fees, putting it in line with its large cap counterpart. The product has also struggled so far in 2013, losing just under 23% in the time frame. The Bottom Line Brazil clearly has a lot of problems afflicting its market, both from a general perspective, as well as some localized political issues.

Both of these trends seem to be in place for quite some time though, so there may be more pain ahead for the country ( Winning ETF Strategies for the Second Half ). Due to this, investors should definitely watch out for volatility in the market and pay special attention to EWZ and small cap counterparts. These funds should give investors a good idea of how the Brazilian market is heading, and if any bottom is coming in this troubled nation. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> In-Depth Zacks Research for the Tickers Above Normally $25 each - click below to receive one report FREE: Fast FT Fast FT Add this topic to your myFT Digest for news straight to your inbox Add to myFT Digest You select the topic, we deliver the news. Close Sample the FT’s top stories for a week You select the topic, we deliver the news. Select topic Invalid email Sign up By signing up you confirm that you have read and agree to the terms and conditions , cookie policy and privacy policy .

Search or select topics to filter stories: Search to add topics One the eve of Donald Trump’s inauguration, Mexico has extradited Joaquín “El Chapo” Guzmán, the country’s most powerful drug lord, to face trial in the US. Show more Less than 24 hours ahead of the inauguration of President-elect Donald Trump, all eyes are on China, which releases figures for its fourth-quarter and annual gross domestic product today. Show more Hourly wages for US workers rose an average 2.6 per cent last year, according to Bureau of Labor data, marking the best year since the financial crisis. But Jamie Dimon did even better. Show more A former portfolio manager at Visium Asset Management was convicted on Thursday of violating federal securities law, part of a sweeping case announced last year against several employees of the once-$7.8bn hedge fund. Show more American Express on Thursday reported earnings per share and net income that fell short of Wall Street’s expectations, which it attributed in part to increased marketing and promotional expenses during the final quarter of 2016. Show more IBM topped estimates for revenues and earnings in the fourth quarter but its sales drop extended to a 19th straight quarter.

Show more Dow hits longest losing streak since election on eve of Trump inauguration Donald Trump’s win in the presidential election triggered a rally in US stocks that pushed major benchmark indexes further into record territory and saw the Dow Jones Industrial Average flirt with the 20,000 level. But on the eve of Mr Trump’s inauguration, the Dow has officially clocked its longest losing streak since the election. Show more Donald Trump is preparing for a trade war with China, billionaire investor George Soros has predicted, as the US president-elect forces Europe into closer relations with Asia. Show more Mexico faces 50-50 risk of downgrade, Moody’s warns Mexico was doing so well. After being put on notice for a possible downgrade by Moody’s Investors Service last year amid concerns over its fiscal accounts and the health of financially troubled state energy company Pemex, the government made progress reining in spending and overhauling the oil giant and the ratings agency was seeing a brighter picture. Show more Judge overseeing Brazilian corruption probe feared dead in plane crash A plane believed to be carrying the Brazilian supreme court judge overseeing the enormous Lava Jato (car wash) corruption investigation has crashed into the sea near the coastal resort of Paraty in Rio de Janeiro state.

There have been no reports of survivors. Show more Argentina issues $7bn of debt amid strong demand Just in the nick of time. Argentina has issued $7bn of international debt, taking advantage of calmer conditions across bond markets before the inauguration of Donald Trump as US president on Friday. Show more Donald Trump has chosen Woody Johnson, the billionaire owner of the NY Jets American football team and veteran Republican political donor, to serve as his ambassador to the Court of St James in the United Kingdom. Show more Money-services business Western Union said Thursday it had agreed to pay $586m to resolve various federal investigations focused on its compliance with anti-money laundering laws. Show more Fannie, Freddie shares dive as Mnuchin voices support for “bipartisan fix” Shares of Fannie Mae and Freddie Mac fell sharply on Thursday after Donald Trump’s Treasury secretary nominee Steven Mnuchin said that he supported a bipartisan fix for the government-backed mortgage agencies, while distancing himself from the “recap and release” policy that would recapitalise the entities and release them from government conservatorship.

Show more Martin McGuinness is to retire from politics in Northern Ireland and will not stand in the forthcoming election to the province’s assembly after acknowledging that illness has forced him to call time on his political career. Show more Donald Trump’s nominee to serve as Treasury secretary, Steven Mnuchin, said Thursday that he believes the long-term strength of the US dollar is important despite recent comments from the president-elect expressing concerns about the surging greenback. Show more Tesla will not have to recall its vehicles in the US following a fatal crash last year involving its semi-autonomous Autopilot technology, the US road safety regulator has ruled. Show more Steven Mnuchin, Donald Trump’s nominee to serve as treasury secretary, told a Senate panel on Thursday that he supports simplifying overlapping and duplicitous financial regulation. Show more Proposals to turn the UK into a low-tax centre after leaving the EU are “unproductive and damaging”, Dutch finance minister Jeroen Dijsselbloem has said. Show more Oil prices pared their gains after inventories of US oil climbed more than expected for the second straight week and gasoline stocks were nearly three times higher than analysts’ expectations. Show more Move along. Nothing to see here.

Show more US commodities regulators said Thursday that Citigroup Global Markets will pay a $25m penalty to resolve charges of “spoofing” – entering bids or offers with the intent of cancelling them before execution – in the US Treasury futures market. Show more Following discussions over tweaking its quantitative easing programme, the European Central Bank confirmed that it would begin to buy government bonds with a yield below its -0.4 per cent deposit rate. Show more Back to boring: analysts react to ECB’s January decision The ECB didn’t announce any shock changes to monetary policy at its meeting today, but Mario Draghi’s comments were still enough to jolt currency markets, while leaving open questions over the impact of rising inflation and the bank’s tapering plans. Here’s fastFT’s roundup of what investors and analysts make of the January press conference. Show more Brazil Stock Market (BOVESPA) | 1972-2017 | Data | Chart | Calendar [+] Brazil Stock Market (BOVESPA) Notes The IBOVESPA is a major stock market index which tracks the performance of around 50 most liquid stocks traded on the Sao Paulo Stock Exchange in Brazil. It is a gross total return weighted index.

The index has a base value of BRL 100 as of January 2, 1968. Since 1968, The Bovespa Index has been adjusted 11 times by a factor of 100 in 1983 and by factor of 10 in 1985, 1988, 1989, 1990, 1991, 1992, 1993, 1994, and 1997. This page provides - Brazil Stock Market (BOVESPA) - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Stock Market (BOVESPA) - actual data, historical chart and calendar of releases - was last updated on January of 2017. Actual Markets: Latin America Stock Indexes and Currencies, Find Market and Global Index Prices Online, Find Currency Prices GRAINS-Soybeans at 7-wk high as heavy rains hit Argentina's crop 6 Hours Ago *Excessive moisture in Argentina's crop-belt to hit yields.

SINGAPORE, Jan 17- Chicago soybean futures rose for a third consecutive session on Tuesday, climbing to a seven-week top as heavy rains across Argentina's central crop belt raised concerns over yield losses. The Chicago Board of Trade most-active soybean contract gained 1.2 percent to $10.58-1/ 2 a... Venezuela debuts new banknotes amid soaring inflation 13 Hours Ago CARACAS, Venezuela— Venezuelans stood in long ATM lines Monday to take out new, larger-denominated bills that President Nicolas Maduro hopes will help stabilize the crisis-wracked economy. Maduro last month said he was scrapping circulation of the most used bill, the 100- bolivar note, and replacing it with new bills ranging from 500 to 20,000 bolivars. UPDATE 3-Trump threatens German carmakers with 35 pct U.S. import tariff 16 Hours Ago *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German.

"I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said. FACTBOX-Global carmakers' operations in Mexico 18 Hours Ago President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted... UPDATE 1-Brazil car rental Movida's IPO could fetch $368 mln 21 Hours Ago SAO PAULO, Jan 16- Movida Participações SA has set the price range for an initial public offering at between 8.90 and 11.30 reais per share in a deal that could help the Brazilian car rental firm and a shareholder fetch as much as 1.184 billion reais from investors. Growing appetite for risk among local investors and hopes that President Michel Temer will... UPDATE 2-Trump threatens German carmakers with 35 pct U.S.

import tariff 22 Hours Ago *Audi, Mercedes-Benz, BMW stepping up Mexican production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said. UPDATE 1-Trump threatens German carmakers with 35 pct U.S. import tariff 23 Hours Ago *Audi, Mercedes-Benz and BMW proceeding with Mexico production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said. Trump threatens German carmakers with 35 pct U.S.

import tariff Monday, 16 Jan 2017 | 3:59 AM ET All three carmakers have invested heavily in factories in Mexico, where production costs are lower than the United States, with an eye to exporting smaller vehicles to the U.S. market. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said, adding that carmakers will... UPDATE 1-Trump threatens BMW with border tax on cars built in Mexico Sunday, 15 Jan 2017 | 5:13 PM ET BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China. He went on to say Germany was a great car producer,...

Trump threatens BMW with border tax on cars built in Mexico Sunday, 15 Jan 2017 | 5:04 PM ET BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market. BMW SAYS MEXICAN SAN LUIS POTOSI PLANT WILL BUILD BMW 3 SERIES CAR FROM 2019 FOR THE WORLD MARKET Sunday, 15 Jan 2017 | 5:01 PM ET BMW SAYS MEXICAN SAN LUIS POTOSI PLANT WILL BUILD BMW 3 SERIES CAR FROM 2019 FOR THE WORLD MARKET. Designer wanted in bribery case arrested in Mexico, sent to U.S.

Saturday, 14 Jan 2017 | 4:49 PM ET NEW YORK, Jan 14- A New York fashion designer who calls himself the "curator of cool" was arrested in Mexico and sent to the United States where he is charged as part of a bribery case that has ensnared relatives of former U.N. Secretary-General Ban Ki- moon, officials said on Saturday. U.S. authorities arrested him on Friday night upon his arrival at New York's John F.... Brazil's Camargo Correa seeks new plea deal over corruption -Veja Saturday, 14 Jan 2017 | 9:52 AM ET SAO PAULO, Jan 14- Construtora Camargo Correa SA, one of Brazil's biggest engineering firms, is in talks with federal prosecutors for a new plea bargain deal linked to the country's sweeping "Operation Car Wash" corruption scandal, weekly magazine Veja said on Saturday. The media office of Brasilia- based Prosecutor General Rodrigo Janot's office did not respond...

Explosive device injures top official with Chile's Codelco Friday, 13 Jan 2017 | 6:11 PM ET The attack is rare in Chile. His father, who is also named Oscar Landerreche, told local radio Biobio that the explosive package was delivered by a woman as gift from the faculty of the University of Chile. Chile produces about a third of the world's copper and its firm economy is largely built around exports of minerals. Codelco chairman unhurt after receiving explosive package Friday, 13 Jan 2017 | 5:34 PM ET SANTIAGO, Jan 13- The chairman of Codelco, Chile's state-run copper miner, is unhurt after receiving a package at his home on Friday that exploded, the company said in a statement. Oscar Landerretche "is in a good state of health," said Codelco, the world's largest copper miner. Local media reported that his wife had been injured and admitted to hospital in Santiago.

Codelco chairman unhurt after receiving explosive package Friday, 13 Jan 2017 | 5:34 PM ET SANTIAGO, Jan 13- The chairman of Codelco, Chile's state-run copper miner, is unhurt after receiving a package at his home on Friday that exploded, the company said in a statement. Oscar Landerretche "is in a good state of health," said Codelco, the world's largest copper miner. Local media reported that his wife had been injured and admitted to hospital in Santiago. Anger as Mexicans fear higher food prices to follow gasoline hike Friday, 13 Jan 2017 | 5:16 PM ET MEXICO CITY, Jan 13- Mexicans who already feel the pinch from a gasoline price hike share economists fears it will now drive up the cost of food and other basics, adding to the unpopularity of the government ahead of elections this year and next. In Mexico City's Granada market this week, few gave credence to such reassurances, a sign of the risk for the ruling... UPDATE 1-Pemex sells Maya crude to U.S.

West Coast for first time since 2008 Friday, 13 Jan 2017 | 2:18 PM ET MEXICO CITY, Jan 13- Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to U.S. West Coast refiners, the head of the state oil company's international trading arm said on Thursday. Pemex, short for Petróleos Mexicanos, will also market more light Isthmus crude this year to the U.S. West Coast, with most, if not all of it, destined for... Friday, 13 Jan 2017 | 1:40 PM ET The unintended consequences of a congressional tax proposal may be bad news for oil prices. Colombia makes first arrest tied to Brazil builder kickbacks Friday, 13 Jan 2017 | 1:08 PM ET BOGOTA, Colombia— Colombian police have made their first arrest stemming from a massive graft scandal triggered by bribes allegedly paid by Brazilian construction giant Odebrecht S.A., authorities said Friday. As part of a $3.5 billion plea agreement with the U.S.

Justice Department last month, Odebrecht admitted to paying almost $800 million in bribes to win... Top 10 stock exchanges stock market indices Ten largest stock exchanges in the world by market capitalization in 2011: 1. New York Stock Exchange (NYSE) - Headquartered in New York City. Market Capitalization (2011, USD Billions) пїЅ 14,242; Trade Value (2011, USD Billions) пїЅ 20,161. The largest stock exchange in the world by both market capitalization and trade value. NYSE is the premier listing venue for the worldпїЅs leading large- and medium-sized companies. Operated by NYSE Euronext, the holding company created by the combination of NYSE Group, Inc. and Euronext N.V., NYSE offers a broad and growin array of financial products and services in cash equities, futures, options, exchange-traded products (ETPs), bonds, market data, and commercial technology solutions.

Featuring more than 8000 listed issues it includes 90% of the Dow Jones Industrial Average and 82% of the S&P 500 stock market indexes volume. 2. NASDAQ OMX - Headquartered in New York City. Market Capitalization (2011, USD Billions) - 4,687; Trade Value (2011, USD Billions) пїЅ 13,552. Second largest stock exchange in the world by market capitalization and trade value. The exchange is owned by NASDAQ OMX Group which also owns and operates 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed invome, derivatives, commodities, futures and structured products. It is a home to approximately 3,400 listed companies and its main index is the NASDAQ Composite, which has been published since its inception. Stock market is also followed by S&P 500 index. 3. Tokyo Stock Exchange - Headquartered in Tokyo.

Market Capitalization (2011, USD Billions) пїЅ 3,325; Trade Value (2011, USD Billions) пїЅ 3,972. Third largest stock exchange market in the world by aggregate market capitalization of its listed companies. It had 2,292 companies which are separated into the First Section for large companies, the Second Section for mid-sized companies, and the Mothers section for high growth startup companies. The main indices tracking Tokyo Stock Exchange are the Nikkei 225 index of companies selected by the Nihon Keizai Shimbun, the TOPIX index based on the share prices of First Section companies, and the J30 index of large industrial companies. 94 domestic and 10 foreign securities companies participate in TSE trading. The London Stock Exchange and the Tokyo Stock Exchange are developing jointly traded products and share technology. 4. London Stock Exchange - Headquartered in London. Market Capitalization (2011, USD Billions) пїЅ 3,266; Trade Value (2011, USD Billions) пїЅ 2,871.

Located in London City, it is the oldest and fourth-largest stock exchange in the world. The Exchange was founded in 1801 and its current premises are situated in Paternoster Square close to St PaulпїЅs Cathedral. It is the most international of all the worldпїЅs stock exchanges, with around 3,000 companies from over 70 countries admitted to trading on its markets. The London Stock Exchange runs several markets for listing, giving an opportunity for different sized companies to list. For the biggest companies exists the Premium Listed Main Market, while in terms of smaller SMEпїЅs the Stock Exchange operates the Alternative Investment Market and for international companies that fall outside the EU, it operates the Depository Receipt scheme as a way of listing and raising capital. 5. Shanghai Stock Exchange - Headquartered in Shanghai. Market Capitalization (2011, USD Billions) пїЅ 2,357; Trade Value (2011, USD Billions) пїЅ 3,658.

It is the worldпїЅs 5th largest stock market by market capitalization and one of the two stock exchanges operating independently in the PeopleпїЅs Republic of China. Unlike the Hong Kong Stock Exchange, the SSE is not entirely open to foreign investors. The main reason is tight capital account controls by Chinese authorities. The securities listed at the SSE include the three main categories of stocks, bonds, and funds. Bonds traded on SSE include treasury bonds, corporate bonds, and convertible corporate bonds. The largest company in SSE is PetroChina (market value пїЅ 3,656.20 billion). 6. Hong Kong Stock Exchange - Headquartered in Hong Kong. Market Capitalization (2011, USD Billions) пїЅ 2,258; Trade Value (2011, USD Billions) пїЅ 1,447. It is the third largest stock exchange in Asia and the sixth largest in the world in terms of market capitalization. Hong Kong Stock Exchange (SEHK) has about 1,477 listed companies and it operates securities market and a derivatives market in Hong Kong and the clearing houses for those markets.

The three largest stocks by market capitalisation in Hong Kong Stock Exchange are PetroChina, Industrial & Commercial Bank of China, and China Mobile. 7. Toronto Stock Exchange - Headquartered in Toronto. Market Capitalization (2011, USD Billions) пїЅ 1,912; Trade Value (2011, USD Billions) пїЅ 1,542. It is the largest stock exchange in Canada and the third largest in North America. Toronto Stock Exchange is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities. A broad range of businesses from Canada, the United States, Europe, and other countries are represented on the exchange. The exchange lists conventional securities, exchange-traded funds, split share corporations, income trusts and investment funds. Toronto Stock Exchange is the leader in the mining and oil & gas sector, including such companies like Cameco Corporation, Canadian Natural Resources Ltd., EnCana Corporation, Husky Energy Inc., Imperial Oil Ltd., and others. 8. BM&F Bovespa - Headquartered in Sao Paulo.

Market Capitalization (2011, USD Billions) пїЅ 1,229; Trade Value (2011, USD Billions) пїЅ 931. Founded in 1890, today BM&F Bovespa is the largest stock exchange in South America and 8th largest in the world by market capitalization. It is the most important Brazilian institution to intermediate equity market transactions and the only securities, commodities and futures exchange in Brazil. BM&F Bovespa acts as a driver for the Brazilian capital markets. There are about 381 listed companies at Bovespa and its benchmark indicator is the Indice Bovespa. 9. Australian Securities Exchange - Headquartered in Sydney. Market Capitalization (2011, USD Billions) пїЅ 1,198; Trade Value (2011, USD Billions) пїЅ 1,197. The Australian Securities Exchange is AustraliaпїЅs primary securities exchange and it was created back in 2006 when the merger of Australian Stock Exchange and the Sydney Futures Exchange took place.

Today Australian Securities Exchange is 9th largest stock exchange in the world by market capitalization and has an average daily turnover of 4,685 billion dollar. Products and services available for trading on ASX include shares, futures, exchange traded options, warrants, contracts for difference, exchange-traded funds, real estate investment trusts, listed investment companies and interest rate securities. The major market index is the S&P/ASX 200. 10. Deutsche Börse - Headquartered in Frankfurt. Market Capitalization (2011, USD Billions) пїЅ 1,185; Trade Value (2011, USD Billions) пїЅ 1,758. Deutsche Börse is one of the worldпїЅs leading exchange organisations providing investors, financial institutions and companies access to global capital markets. The exchange covers the entire process chain from securities and derivatives trading, clearing, settlement and custody, through to market data and the development and operation of electronic trading system. Deutsche Börse has an approximately 765 listed companies with a combined market capitalization of 1,185 trillion USD.

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Question: The Bovespa index is the main index on the stock market in which South American country?
Answer: BRAZIL